As Tesla’s Supercharger expansion continues, the company plans to open New England’s largest supercharger later this year in Canton, Massachusetts, with a cybertruck-inspired design called “Cyber ​​Canopy.”

The supercharger will be installed at the Trillium Brewing Company near Interstate 93. plan During last week’s Canton Municipal Planning Commission meeting, Tesla submitted a proposal for a 20-stand charging station.

It will be New England’s largest supercharger station, boasting 20 stands with lights under a canopy. Even more interesting is the mention of the “low side of the canopy”, which along with the name “CyberCanopy” suggests that it draws inspiration from the Cybertruck design. Design choices can also help with vehicle marketing. Also, his Wi-Fi access with SpaceX’s Starlink will be available.

supercharging solar

Six years ago, CEO Elon Musk Said On Twitter, the supercharger station has been “converted to solar/battery power” and will be disconnected from the grid over time. Musk also said some Superchargers already have solar power installed, but full deployment would require Supercharger V3, PowerPack V2 and SolarCity, which Tesla acquired in 2016.

The Supercharger V3 and Powerpack V2 have been around for a while, and the company is starting to show off the V4 Supercharger as well, but the solar canopy above the charger is still pretty much non-existent.

When Tesla announced plans for its first V4 Supercharger in Yuma County, Arizona, it included two 4,500-square-foot solar arrays and a megapack. This suggests that Tesla is beginning to introduce these technologies at certain new stations. This further supports the suspicion that a solar array has been installed at the Canton, Massachusetts location.

45,000 superchargers and counting

Back in April, Tesla’s official “Tesla Charging” Twitter account announced that it had activated its 45,000th Supercharger. As Tesla begins to open up its charging stations to non-Tesla vehicles, the expansion of Tesla’s innovative charging stations is essential.

Supercharger Network Towards $100 Billion Valuation

We recently reported that, according to industry analysts, the valuation of Tesla’s Supercharger network is on track to reach $100 billion. Much of this recognition is due to the adoption of Tesla’s NACS connectors by other EV manufacturers such as GM, Ford, Polestar and Nissan.

Tesla has secured a comfortable position in the EV charging infrastructure market. More companies are starting to adopt Tesla’s NACS connectors, which the company is simplifying the charging process and making EVs more attractive to the masses.

In its landmark second-quarter earnings call, Tesla reported revenue of $24.9 billion and net income of $2.7 billion, well above Wall Street expectations. But to the surprise of many, he only allowed one opportunity for the company to transition its customers to a fully self-driving (FSD) package over the next three months.

This topic has plagued Tesla and Elon Musk for years, and it’s no surprise. The price of FSD has skyrocketed. So an early tech adopter with a cheap underground price of $5,000 will have to pay three times that if they want to update their Tesla. The company posted an improvement proposal on Twitter in May. The ability to transfer FSD was high on the list.

During the earnings call, the question of FSD’s transferability arose again. Responding to customer requests, Musk said Tesla will allow a one-time transfer of FSD during the third quarter. The opportunity will allow existing Tesla owners to upgrade to new Tesla models without repurchasing the expensive FSD package, which sells for $15,000 in the US.

Tesla hints at possible FSD licensing partnership

At the same earnings call, Musk hinted that another milestone was on the horizon. He disclosed early talks to license Tesla’s FSD technology to another major automaker, but didn’t give details.

This potential partnership underscores Tesla’s unique position in the self-driving car market. Musk emphasized that Tesla’s extensive road data, collected through Autopilot and the Dojo project, played a key role in its success. This precious pool of data, unrivaled by competitors, underpins Tesla’s rapid progress in AI development and industry-leading position.

Listen to Tesla’s earnings report

You can listen to a replay of Tesla’s earnings call below.

FSD relocation and future expectations

The decision to allow FSD to move during the third quarter is expected to see Tesla’s sales skyrocket. Owners have traditionally been reluctant to upgrade their Tesla vehicles. The high cost and non-transferability of FSD packages made such an upgrade economically unattractive. This unprecedented concession, combined with Tesla’s existing FSD monthly subscription service in the US, is expected to significantly increase Tesla’s market attractiveness and profitability in the third quarter.

Using its second-quarter earnings platform, Tesla shared another impressive milestone with more than 300 million miles driven by vehicles equipped with the FSD Beta. The significance of this achievement extends beyond its remarkable scale. It represents the wealth of data collected to train Tesla’s autonomous system, further improving the safety and performance of FSD.

FSD transfer requirements

According to a Twitter user, Tesla is now posting requirements to move the FSD to another vehicle. @ Kudalenburg

The requirements are:

As a loyal Tesla owner with fully self-driving capabilities, we are pleased to inform you that you may be eligible to participate in the current transfer program. Thank you for your continued support and dedication to sustainable transportation.

Program: If you relinquish full self-driving capabilities in your current Tesla vehicle, you will receive full self-driving capabilities in new Tesla vehicles delivered between July 20, 2023 and September 30, 2023. The following terms and conditions apply. Tesla does not guarantee delivery by the end date of the program.

terms and conditions:

To be eligible for this program, you must:

1. Be the legal registered owner of a Tesla vehicle that currently incorporates full self-driving capabilities at the time of delivery of the new Tesla vehicle. A vehicle cannot be subject to a pending cancellation or buy-back request. EMEA ONLY: Persons on operational leases with third-party leasing and fleet management companies are not eligible unless the vehicle is first purchased from the leasing company.

2. Take delivery of your new titled Tesla vehicle between July 20, 2023 and September 30, 2023.

3. I agree to strip my current Tesla vehicle of full self-driving capability.

Alternatively, when you purchase a new Tesla vehicle, you can trade in your current Tesla vehicle in bulk directly to Tesla. Tesla will remove full self-driving capabilities from current Tesla vehicles one week before the new Tesla’s scheduled delivery date. During this process, the current vehicle will automatically restart for a few minutes after parking.

4. The fully autonomous driving function is transferable only once and cannot be transferred to another vehicle or to another person, even if the vehicle is sold privately. This offer cannot be combined with other promotions or redeemed for cash.

5. Tesla reserves the right to change, modify or terminate this offer at any time without notice.

6. Removal of full self-driving capabilities from your current vehicle cannot be revoked after you deliver a new Tesla vehicle or after we remove full self-driving capabilities from your current vehicle, whichever occurs first. This is irreversible, even if you cancel or reverse your purchase after delivery.

7. Used vehicles and commercial vehicles are not eligible for this program.

8. Tesla may remove full self-driving capabilities from your new vehicle if we determine in good faith that you have violated any of these Terms or misrepresented full self-driving in your current vehicle.

9. This offer cannot be applied retroactively after delivery of a new Tesla vehicle.

PLEASE READ THE ABOVE TERMS AND CONDITIONS CAREFULLY. By signing this binding acceptance form, you acknowledge that you understand and agree to the above terms and conditions.

To accept this offer, please complete the information below, sign and return this letter to your Tesla Sales Advisor prior to delivery of your new Tesla vehicle. Vehicle Identification Number (VIN) for Tesla vehicles stripped of full self-driving capabilities: …

In its Q2 2023 earnings call, Tesla shared an exciting update on its highly anticipated Cybertruck, revealing solid financial numbers.

CEO Elon Musk said the company would make a series of changes to its proposed vehicle mix and pricing structure to strike the “Goldilocks” balance of cars that are just right, not too big, not too small. According to Tesla, this is “a truck that, as far as we know, has four doors on a 6-foot bed and fits in a 20-foot garage.”

Cybertruck poised to disrupt electric car market

Cybertruck is currently undergoing worldwide testing for final certification and verification. Groundbreaking features, including a unique design and a length of less than 19 feet, have received an impressive response, with over one million pre-orders since its introduction. Still, Tesla has kept the market speculating, revealing few details about the final pricing or configuration of the vehicle.

Published photos suggest that it includes a structural battery pack with 4,680 cells, but Tesla hasn’t confirmed the details. If this is true, Cybertruck’s innovative appeal could be further enhanced and revolutionized the electric vehicle industry. Tesla has indicated that the Cybertruck is expected to come off the production line in 2023 and enter service in 2024.

Tesla’s financial resilience amid critical projects

Financially, Tesla report The company produced 479,700 vehicles and delivered 466,140 vehicles in the quarter, setting a record for vehicle production and deliveries. The company reported second-quarter revenue of $24.93 billion, beating analyst estimates of $24.32 billion and growing 47% year-over-year.

Despite these positive numbers, Tesla reported a slight year-over-year decline in operating profit to $2.4 billion. The decline can be attributed to lower average selling prices due to product mix and pricing, costs associated with increased 4680 cell production, and higher operating expenses associated with projects such as Cybertruck and AI advancements.

However, the company’s financial reserves continued to grow, with cash, cash equivalents and investments ending the quarter at $23.1 billion, up $700 million from free cash flow of $1 billion. Other financing activities, including debt service, partially offset this.

Tesla’s second-quarter 2023 earnings report provided a reassuring picture of the company’s future. The Cybertruck’s appeal combined with Tesla’s strong financial performance suggests the company is poised to push the boundaries of the electric vehicle market even further. As Tesla gears up to produce the Cybertruck, the world awaits a revolutionary step in the world of electric vehicles.